A call has been made by Youth and Sports Minister Khairy Jamaluddin, for more local private companies to sponsor national motorsport efforts, Bernama reports. The call was made due to the high costs involved in managing national-level motorsports.
“I am asking for more private sector companies to come forward as the cost of motorsports is very high,” Khairy urged. “I believe the return is very high as well,” the minister added. According to him, the ministry has worked with the Sepang International Circuit (SIC) to coordinate motorsports development since last year with funding of RM2 million.
“On behalf of the ministry, we will focus on talent development programmes but when they reach a certain level in MotoGP, we hope there will be assistance from the private sector,” the minister urged.
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AI-generated Summary ✨
Comments highlight strong support for local sponsorship in motorsports, emphasizing government tax incentives and the need for private company involvement. There is criticism over lack of transparency, insufficient local sponsorship, and the perceived importance of showcasing talents through affordable, grassroots racing efforts. Some are skeptical about sponsorship returns due to economic constraints and question government spending. Overall, commenters advocate for greater industry engagement, better funding, and strategic initiatives to boost Malaysian motorsports.